Do not lose out on valuable cash savings for your business
Capital allowances is a form of tax relief that allows businesses which pay tax in the UK to claim tax relief on qualifying capital expenditure they incur on assets such as buildings and equipment.
This means that businesses can deduct their qualifying cost from their profit, before calculating their tax liability.
Capital allowances is a financial benefit designed to incentivise businesses to invest in capital expenditure; however, below are 3 common misconceptions that dissuade businesses from benefiting from the valuable cash saving it offers.
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Our capital allowances team of qualified specialists with diverse experience and multidisciplinary construction and financial skills, leverage on their expertise to maximise cash saving benefits for businesses who incur capital expenditure.
We provide a whole development lifecycle capital allowances advice from planning to design, construction, occupation and subsequent disposal or sale. This includes property sale and purchase transaction advise to support either the vendor to retain their capital allowances, or for the buyer to benefit from capital allowances on the purchase price paid.
As shown below, our services include but are not limited to: Scoping exercise to explore what tax relief may be available to the business; due diligence to confirm scope and establish entitlement to claim; site visit to survey the assets where possible, in order to better understand their attributes such as construction technology and building engineering, as well as business use and function. We thereafter carry out a detailed analysis to identify qualifying expenditure and maximise the tax relief available. We subsequently prepare and issue our report to the business which can be filed with HMRC, along with the tax return in order to support the claim. We also go the extra mile in assisting the business with information in connection with the filing and any relevant post-filing requests.
Exploring availability of tax relief.
Confirming scope and establishing entitlement to claim.
Surveying the assets where necessary
Identifying qualifying expenditure
Preparing and issuing claim report.
Assisting with ﬁling and post-ﬁling information.
We are an international consulting firm which helps businesses leverage financial incentives to accelerate their growth and achieve long lasting performance.
With a multifaceted skillset comprising of construction, engineering, surveying, accounting and tax advisory, our dedicated capital allowances team is uniquely placed to apply their technical expertise and experience in identifying and maximising qualifying capital expenditure. This subsequently leads to valuable cash tax savings and improved business cash flow.
We always keep compliance front of mind and have been delivering optimal services for over 24 years. This provides our clients with the peace of mind that they will receive the maximum financial benefit without unnecessary risks.
Years of experience
Years of experience
Are you planning to, or have you already incurred any commercial building or large-scale industrial and engineering plant related capital expenditure which may fall under any of the following categories?
New construction | Refurbishment work | Fit out work | Buying buildings
Please let us know as we can help you unlock and maximise cash tax savings and improve your business cash flow.